The Trump administration has once again allowed U.S. companies to continue to do business with China’s Huawei Technologies Co Ltd by extending the trade license until May 15, 2020. The U.S. Commerce Department had previously extended it until April 1. Separately, the U.S. Commerce Department has sought public comments on whether it should issue future…
On Wednesday, Fiat Chrysler said, it is considering the temporarily closure, of some of its plants in Italy in response to the coronavirus outbreak – the largest in Europe. FCA also mentioned, it had boosted and intensified measures across its facilities to support the Italian government’s directives to curb the spread of China’s coronavirus.
On Tuesday, leading U.S. airlines including Delta and American announced the suspension of their 2020 financial forecasts and took strong measures to further boost their capabilities to fight the economic impact of China’s coronavirus United announced a capital raising event and reported a first-quarter loss. The coronavirus pandemic has deeply impacted the tourism sector and…
South Korea’s Samsung Display, a supplier for Samsung Electronics and Apple Inc, has requested Vietnam to exempt 700 South Korean engineers from its mandatory quarantine requirement saying they are needed to prepare for the production of screens for new smartphones. South Korea is Vietnam’s biggest foreign investor. In an effort to contain the outbreak of…
On Monday, in a statement Hong Kong’s Cathay Pacific Airways Ltd said, it could fly only freight to Japan, and not carry any passengers, if it decides to retain some services whose cancellation it announced at the weekend over travel curbs proposed by Japan over China’s coronavirus. On Saturday, Cathay Pacific had cut most of…
Although China’s Huawei Technologies has been consistently denying for years that it has not violating American trade sanctions on Iran, internal documents from the company which dates back to 2010 show that it was directly involved in sending prohibited U.S. computer equipment to Iran’s largest mobile-phone operator. As per internal documents from Huawei, two of…
On Thursday, in a statement the International Air Transport Association (IATA) stated, global airlines are likely to lose revenues in the range of $63 billion to $113 billion in 2020 due to loss of passenger traffic, depending on how the coronavirus spreads. On February 20, the IATA had estimated the outbreak would cost global carriers…
Apple Inc and Netflix Inc stated, they are pulling out of the South by Southwest music and tech festival which is scheduled to be held later this month midst China’s coronavirus outbreak. As of Wednesday, the U.S. death toll from coronavirus infections stands at 11 with California Governor Gavin Newsom declaring a state emergency. Earlier…
Microsoft Corp has joined the growing bandwagon of U.S. companies asking employees to work from home so as to limit their exposure to China’s coronavirus. Microsoft has asked many of its employees in the Seattle region and in the San Francisco Bay Area to work from home until March 25. “Taking these measures will ensure…
Alphabet Inc has canceled its annual developer event, Google I/O, midst growing concerns on China’s coronavirus which has started spreading outside China. “Over the coming weeks, we will explore other ways to evolve Google I/O to best connect with and continue to build our developer community,” said Alphabet Inc. On Monday, Alphabet had said it…
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